"My understanding [is] that any nonprofit or charitable type of organization . . . with receipts in excess of $25,000, has to file," Fontalbert said,
CVBs derive money from a city's hotel/motel tax. The Nitro CVB received $85,000 in 2010 and $151,000 in 2011 that the agency would have been required to report on a Form 990, according to Young.
He said Thursday that he met with a representative from the IRS and handed over information from the past three years.
"I know we'll get it back," Young said of the tax-exempt status. "I still don't think we necessarily have to file, but when the IRS says we have to file, you give it to them."
Fontalbert said losing the status could cripple the organization.
"I believe it would mean they could no longer solicit contributions, nor make any awards," he said. "It would completely impair their ability to operate."
Reach Kate White at kate.wh...@wvgazette.com or 304-348-1723.